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Emerging Market Loans

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  • Astra Sedaya Finance has opened up its $330m three year loan to the market, with the aim of hitting the target of at least $500m from lenders joining in general.
  • K Wah Financial Services has launched its HK$3bn ($387m) dual-tranche facility into general syndication via six bookrunners and mandated lead arrangers, as it seeks to refinance debt falling due this June.
  • Abu Dhabi real estate developer Saadiyat Development and Investment Company will begin offering Shariah-compliant home finance for buyers of villas on Saadiyat Island, the flagship project of Tourism Development and Investment Company.
  • K Wah Financial Services has picked six banks to arrange its HK$3bn ($387m) dual-tranche loan, expected to open in general syndication early next week.
  • Prosperity Real Estate Investment Trust is seeking a loan of HK$784m ($101m) to help finance its acquisition of a property in Hong Kong.
  • Overseas Universal Enterprise Commercial real estate investment trust has launched its S$680m ($538m) financing into general syndication.